News

A joint venture between LV Collective and Harrison Street Asset Management is developing Rambler, a 247-unit, 862-bed student housing community in Blacksburg, Va. Kennedy Wilson provided construction financing for the project. The property is set to come online in 2028, in time for the academic year.

Prop.com acquired a 315-unit former student dormitory in Trier for €12.75 million, marking its first investment in Germany and signaling a strategic focus on undervalued assets in key European university towns, with further acquisitions planned in Cologne and Munich.

BCDC is partnering with 908 Group on Chapter House FSU, a 511-bed, Class A student housing development located in the College Town submarket adjacent to Florida State University.

Galway City Council initially recommended refusal of the seven-storey, 240-bed student accommodation project at Westside in 2022, but An Bord Pleanala subsequently approved the development.

Centurion Accommodation REIT (CAREIT) has completed the acquisition of EPIISOD Macquarie Park, a newly developed 732-bed purpose-built student accommodation (PBSA) asset in Sydney, Australia.

Leeds City Council has approved plans for a 14-storey purpose-built student accommodation (PBSA) development at Joseph's Well, a historic former clothing factory site, following an application submitted by developer J Pullan & Sons in late 2023.

Bathford Partners has submitted plans to convert Grosvenor House, a former engine shed turned office building in Bath’s The Square, into cluster flats offering up to 103 student bedrooms, targeting second and third-year students with accessible rooms and car-free provisions.

A £150 million student accommodation development at 35 Albert Road in Bristol has secured both planning permission and Gateway 2 approval under the Building Safety Act, allowing construction to move forward toward completion for the 2026/27 academic year.

Unite Students has cancelled its £147 million, 605-bed Paddington PBSA scheme after securing London Mayor approval but facing financial non-viability, resulting in a £10 million write-off in planning costs, and deferred its 500-bed Freestone Island Bristol project to explore options for better value, freeing up around £55 million in capital.

The University of Virginia has engaged Capstone Development Partners to lead a developer-led design-build project for three new residential buildings totalling 310,000 sq ft in Charlottesville, designed by Elkus Manfredi Architects and constructed by a Hoar Construction and Hourigan joint venture.